Real Time Financial News Website
Nigeria’s energy transition plan, according to the Federal Government, needs $410 billion to be completed by 2060 in order to meet problems and maintain policy flexibility. This was expressed at…
Petrol, known as premium motor spirit, has becoming more scarce throughout numerous states. Among other places, it got worse in Lagos, Ogun, and Ekiti. Oil marketers cited the 163% increase…
The Federal Government said that $1 billion in stolen cash had been found since President Muhammadu Buhari’s administration had begun. Abubakar Malami, the Attorney-General of the Federation and Minister of…
In October, the three levels of government divided N736.782 billion in total. The relevant States received a total of N26. 228 billion as a 13 percent derivation income share. Value…
Increases in the budget deficit and public debt are likely to hinder Uganda’s capacity to grow economically and place it in a “public debt safety trap” where an excessive reliance…
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy, the Central Bank of Kenya has signalled lenders to boost borrowing charges. The…
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of borrowers. Noting the recovery from pandemic shocks that had impacted family and corporate…
According to Bloomberg, Amazon’s founder Jeff Bezos is donating $123 million to organizations that help homeless families find permanent housing. The founder of Amazon revealed on Instagram that his Bezos…
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth of government securities that are set to maturity in January…
The food shock loan, which is a component of the IMF’s Rapid Credit Facility, would aid the east African nation in addressing immediate balance-of-payments issues brought on by rising food…
In an effort to boost confidence, organize the gold market, and expand the commodities ecosystem, the Lagos Commodities and Futures Exchange (LCFE) presented the Eko Gold Coin to the Securities…
The Tertiary Education Trust Fund has disclosed that the N68 billion in income it collected in 2021 and utilized to fund its activities in 2022 has decreased. In a one-day…
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria received $741. 48 billion from oil and gas between 1999 and 2000. NEITI has completed…
In the previous eight years, Nigeria’s surplus crude account has decreased by 89%, from $4. 1 billion in November 2014 to $472,513 in the same time of 2022. However, experts…
According to official data released, China’s daily Covid cases have reached their highest level since the pandemic started. Despite the government’s continued use of a harsh zero-tolerance policy that includes…
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in December from four straight increases of 0. 75 percentage points to 0.5%.…
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation’s next prime minister. Following a lengthy electoral standoff, according to the statement from the Southeast Asian country’s palace. The…
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General Muhammadu Buhari (retd.). The central bank will have sufficient control over…
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the freshly designed N200, N500, and N1000. One month following the announcement, the CBN’s Director of Currency,…
Due to delays in project execution, around Sh300 billion of the World Bank-funded Uganda Support to Municipal Infrastructure Development Programme (USMID) funding is still unused. The World Bank’s senior urban…
Kenya National Library Services (KNLS) is under fire for increasing the price of constructing its Nairobi headquarters by Sh837 million. The contract amount for the Maktaba Kuu Building on Upper…
At this week’s United Nations climate meeting, African countries made it plain that the continent will utilize its fossil fuel resources to deal with fuel shortages, help elevate local communities…
Nigeria’s state-owned NNPC Ltd. Began drilling for oil and gas at a field with 1 billion barrels of reserves in northern Nigeria as the nation aims to produce petroleum outside…
According to a Senate study, Nigeria lost more than $2 billion to oil theft in the first eight months of 2022. Large-scale pipeline theft in Nigeria has slowed exports, forced…
On account of more property auctions, the repayment of non-performing debt, and poor credit write-offs, the size of defaulted loans decreased in September by the greatest monthly margin in 15…
Before leaving the Kenyan market, South African retail behemoth Massmart, which runs the Game Stores, had a dispute with its staff over redundancy money. If Massmart and the Kenya Union…
The price of gasoline increased by between N205 and N220 per litre at the gas stations. This suggests that depot owners and independent marketers are starting to avoid selling gasoline…
According to CBN statistics, the value of cash held outside of banks increased from N2. 54 trillion reported in the similar time of 2021 by 11. 07% Year-on-Year (YoY). He…
The Revised Capital Market Master Plan, which is anticipated to serve as the roadmap for the capital market over the coming several years, will be introduced by Zainab Ahmed, Minister…
According to the latest edition of the International Labour Organization Monitor on the World of Work, unemployment and inequality will rise because multiple economic and political crises are threatening global…